Large Danish electronics
retailer sold to Swedish
Large Danish electronics retailer sold to Swedish retail chain
The Danish business AV-Cables has been sold to the Swedish electronics chain Kjell & Company.
AV-Cables is one of Denmark’s largest online retailers of electronics accessories.
AV-Cables was formed in 2006 by Christian Damgaard Møller who is now transferring all his shares in the business. He will continue as CEO of AV-Cables after the sale, and AV-Cables will continue as a separate brand.
Kjell & Company has an annual revenue of approx. DKK 2bn. The chain has 120 stores in Sweden and Norway and also has substantial online sales.
The acquisition will enable AV-Cables to accelerate growth even further, and several synergies may also be exploited between the two companies.
Accura advised the seller in connection with the transaction.